Todd Maiden
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Another truckload carrier announces earnings warning
The combination of volume weakness, excess capacity, declining rates and formidable year-over-year earnings comparisons have resulted in the public carriers…
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Knight-Swift cuts its outlook a day after the truckload carriers rally
Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won't meet analyst expectations.
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Prologis gobbles up chunk of industrial real estate in $4 billion deal
Logistics real estate company Prologis, Inc. acquires 37.5 million square feet in $4 billion deal.
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June Cass report presents a couple of alarming questions
The Cass Freight Index Report offers two questions. “Has economic contraction already begun? Will GDP be negative in Q2?”
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P.A.M. beats expectations, warns pricing concerns and rising costs may challenge future margins
P.A.M. Transportation Services reported "best second quarter operating income on record", but signaled future margins may be challenged.
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Daimler’s second quarter shaping up to be a doozy
Daimler provides lower financial guidance for the second time in less than a month.
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U.S. Xpress lowers outlook for second quarter and full-year
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
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Cummins announces 15 percent increase to dividend
Cummins Inc. announced that its board of directors has approved a 15 percent increase to its normal quarterly cash dividend.
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Panalpina announces “war risk surcharge” on containers
Panalpina announced a war risk surcharge in response to increased insurance expense for shipments moving through the Strait of Hormuz.
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Weekly carloads provide more of the same…pain
Rail volumes were off again for the week ending June 29, 2019 with U.S. railroads reporting a 5.5 percent decline.
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